Renaissance Properties obtained financing of $15M from First Republic Bank

Renaissance Properties through the entity Renaissance 236 E. 5Th Street LLC as borrower signed a loan agreement with lender First Republic Bank valued at $15.0 million for 1 parcel, including the tax class office building with ten stories or more (side street type) (O2) at 62 West 45 Street in Grand Central. The deal closed on July 15, 2019 and was recorded on July 22, 2019.
The property contains a total of 44,063 square feet of built space.
The average loan per buildable square foot is $340.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $808,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link